Total Helium CEO Robert Price joined Steve Darling from Proactive to share details of the company’s recent acquisition of the Pinta South Project in Arizona.
The company has a 20% working interest in two producing wells and a 50% working interest in 27,000 acres which includes eight additional wells that are awaiting connection.
Price telling Proactive in the last two weeks an additional three wells have now been drilled and are awaiting completion. The company currently has seven wells connected to a helium processing plant and plans to drill more in the future. With self-funding, Total Helium aims to construct its own helium processing plant to reduce costs and expand production capacity.